 "Tipping Point: With gold prices rising, should you increase exposure?")
The price of gold in India has risen by 3.7 per cent over the past month. A variety of factors are responsible for this.
“With the Federal Open Market Committee of the US Fed hinting that rate cuts are coming, the dollar has weakened, supporting the price of gold. The global economy is slowing down, as reflected in the falling price of crude.
Gold tends to benefit in such a scenario,” says Ajay Kedia, director, Kedia Commodity. Holdings of the SPDR Gold Shares have seen a sharp rise.
The central banks of Russia, China and several other major economies have purchased gold. Maintain a 10-15 per cent exposure to the yellow metal, in view of growing global uncertainty.
“With the Federal Open Market Committee of the US Fed hinting that rate cuts are coming, the dollar has weakened, supporting the price of gold. The global economy is slowing down, as reflected in the falling price of crude.
Gold tends to benefit in such a scenario,” says Ajay Kedia, director, Kedia Commodity. Holdings of the SPDR Gold Shares have seen a sharp rise.
The central banks of Russia, China and several other major economies have purchased gold. Maintain a 10-15 per cent exposure to the yellow metal, in view of growing global uncertainty.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%